COMEX Copper futures extended sharp upside on Wednesday morning in Asia to hit fresh lifetime high amid tariff uncertainty. Indications of more measured Trump administration tariffs extended the industrial metal's rally this year which is quoting currently at $5.25 per pound, up almost 1% on the day following a 2.3% gain in the previous session. Besides, continued slide in LME Copper inventories also kept the commodity supported. Moreover, copper recently received a further boost in further stimulus measures announced by China, the world's largest supplier and consumer. On the MCX, the benchmark Copper futures are trading above Rs 900 per kg.

Powered by Commodity Insights